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Villerys39 Villerys39
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Posts: 476
3 years ago
With reference to the Single European Act, the principle of mutual recognition

▸ states that there are mutual benefits of open trade with one another.

▸ means that firms and individuals can choose to obey the rules of the country that have the least restrictive ones in the EU on any particular issue.

▸ states that each member country should realise that every member has a right to decide on its own trade policies.

▸ concerns the acceptance of the fact that each of the countries has its own identity and culture.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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binvabinva
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Posts: 368
3 years ago
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Thanks
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This helped my grade so much Perfect
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this is exactly what I needed
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